Coinbase to Migrate BTC and ETH Wallets for Security Upgrades
Simran
Coinbase recently completed a scheduled internal wallet migration for Bitcoin (BTC) and Ethereum (ETH) as part of routine security upgrades.
This migration involved moving the bulk of BTC and ETH holdings from older internal wallets to new wallets to minimize long-term exposure of funds in publicly known addresses.
The migration was planned well in advance, is unrelated to any security incidents or market conditions, and did not affect user deposit addresses or platform operations.
Coinbase warned users to be cautious about phishing scams impersonating official personnel during this period and emphasized that they never request login details or private keys.
Overall, the move enhances security architecture while maintaining normal service.